Office
1602-1606 W Hays St, Boise, ID 83702
For Sale
Contact for pricing
Existing occupants and office or retail use provide a practical starting point for this Boise property.
Property Size5,730 SF
Price / SF$424.96
Days on Market12
Property Features for 1602-1606 W Hays St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Tenant in Place
Listing Agency:
Colliers International Idaho - Boise
(208) 345-9000
Listed By:
Scott Feighner · License ID SP37920
(208) 493-5107
Source:
Moodyscre
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 8 at 7:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers International Idaho - Boise
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 5,730-square-foot office property has current tenants and is also identified for office or retail use. Its existing occupancy provides income generation, while the stated use options allow for a range of commercial configurations.
At 1602-1606 W Hays St in Boise’s North End, the property is a short drive from Hyde Park and Downtown Boise. Multi-family and condominium concepts have also been identified for redevelopment consideration.
At 1602-1606 W Hays St in Boise’s North End, the property is a short drive from Hyde Park and Downtown Boise. Multi-family and condominium concepts have also been identified for redevelopment consideration.
Key Highlights
- 5,730‑square‑foot office property
- Current tenants and income generation in place
- Identified for office or retail use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,613
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,552,260
$1.6M
Cap Rate 7%
$1,108,757
$1.1M
Cap Rate 9%
$862,367
$862.4K
Market Conditions
NOI Build-Up for 5,730 SF
Gross rent
$120.3K $21.00/SF
− Vacancy
−$16.8K −$2.94/SF
EGI
$103.5K $18.06/SF
− OpEx
−$25.9K −$4.52/SF
NOI
$77.6K $13.54/SF
Area
Ada County, ID
Vacancy
14.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,552,260
Cap Rate 7%
$1,108,757
Cap Rate 9%
$862,367
Alternative Uses
Best Use
Office B
$1.11M
$970.2K – $1.29M
NOI $77,613 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.58M
$1.38M – $1.85M
NOI $110,772 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,422
Businesses Nearby
Explore this area
Business Placement
Demographics for 83702, ID
23,951
Population
12,771
Households
1.9
Avg Household Size
40
Median Age
61%
College-Educated
97%
High-School Grad
31.4 sq mi
ZIP Area
763
Density / Sq Mi
$82,586
Median Household Income
$48,200
Median Earnings
$1,175
Median Rent
$708,000
Median Home Value
Market
Average Price Trend$/SF for Office buildings in Boise, ID
Properties on Market for Office buildings in Boise
Vacancy Rate% for Office in Boise, ID
Frequently Asked Questions
What type of property is this?
Office building - Existing occupants and office or retail use provide a practical starting point for this Boise property.
Where is this office building located?
The property is located at 1602-1606 W Hays St Boise, ID.
What is the asking price?
The asking price for this property is $2,435,000.
What are key features of this property?
This property features: 5,730‑square‑foot office property; Current tenants and income generation in place; Identified for office or retail use
